Ethereum Classic / Dollar may rise to 20.07 - 20.33

Our pivot point stands at 19.09.

Our preference

Rebound.

Alternative scenario

The downside breakout of 19.09 would call for 18.65 and 18.39.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (19.02) but under its 50 period moving average (20.19).

Supports and resistances

20.85 **

20.59 *

20.33 **

20.07

19.55 last

19.26

19.09 **

18.65 *

18.39 **

Number of asterisks represents the strength of support and resistance levels.